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SECTION I. MODIFIED DEVELOPMENT PROGRAM FOR DEVELOPMENT
<br /> DISTRICT NO. I
<br />
<br /> For the purposes of the Development District Program and Tax Increment Plan, the
<br />following terms shall have the meanings specified below, unless the context otherwise requires:
<br />
<br /> "Administrative Expenses" means all expenditures of the City other than amounts paid for
<br />the purchase of land or amounts paid to contractors or others providing materials and services,
<br />including architectural and engineering services, directly connected with the physical development
<br />of real property in the District, relocation benefits paid to, or services provided for, persons
<br />residing or businesses located in the District, or amounts used to pay interest on, fund a reserve
<br />for, or sell at a discount, bonds issued pursuant to §469.178 of the TIF Act. Administrative
<br />expenses includes amounts paid for services provided by bond counsel, fiscal consultants and
<br />planning or economic development consultants.
<br />
<br /> "City" means the City of Ramsey, a municipal corporation under the laws of the State of
<br />Minnesota;
<br />
<br /> "Comprehensive Plan" means the City's Comprehensive Plan, including the objectives,
<br />policies, standards and programs to guide public and private land use, development,
<br />redevelopment and preservation for all lands and water within the City;
<br />
<br />"City Council" or "Council" means the Ramsey City Council;
<br />
<br /> "City Development District Act" or "Act" means Minnesota Statutes §469.124 through
<br />§469.134, as amended;
<br />
<br />"County" means Anoka County, Minnesota;
<br />
<br /> "Development District" means Development District No. 1 which was created and
<br />established pursuant to and in accordance with the Municipal Development District Act on August
<br />27, 1985, and which was expanded on June 30, 1986, and March 29, 1988;
<br />
<br /> "Development Program" or "Progr'0__m" means the Development Program for Development
<br />District No. 1, initially adopted by the Council on August 27, 1985, and modified on June 30,
<br />1986, August 12, 1986, June 9, 1987, August 11, 1987, March 29, 1988, April 26, 1988, July
<br />26, 1988, November 14, 1989, April 24, 1990, July 31, 1990 and March 8, 1994.
<br />
<br /> "Project" means Development District No. 1, established pursuant to the City Development
<br />District Act;
<br />
<br />"State" means the State of Minnesota;
<br />
<br /> "Tax Increment Bonds" means any general obligation or revenue tax increment bonds
<br />issued by the City to finance the public costs associated with Development District No. t as stated
<br />in the Program and in the Tax Increment Financing Plan for the Tax Increment Financing Districts
<br />within Development District No. i or any obligations issued to refund the Tax Increment Bonds;
<br />
<br /> 'Tax Increment Financing District" means Tax Increment Financing District No. 1, which
<br />was created on August 27, 1985, and expanded on August 12, 1986; Tax Increment Financing
<br />District No. 2, which was created on June 30, 1986, and expanded on March 29, 1988; Tax
<br />Increment District No. 4, which was created on August 11, 1987, and expanded on March 29,
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